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IIFT or Indian Institute of Foreign Trade placed 4 students for 95 lakh salaryhttps://discuss.itacumens.com/index.php/topic,144579.msg213509.html#msg213509
Four students from this Indian Institute of Foreign Trade bags Rs 95 lakh salary package annual and Seven Students bags each 50 lakh salary package this January 2018 ( IIFT , New Delhi - Indian Institue of Management )

The new years has brought positive change for job-seeking college graduates. The students of Indian Institute of Foreign Trade have reportedly bagged the annual package of Rs 95 lakh per annum.

According to the reports, 4 students from IIFT have received the job offer that will pay them a whopping salary of Rs 95 lakh. Apart from these 4, there are 7 more students who have received the job salary package of more than Rs 50 lakh per annum. This is the first time students from a business school other than IIMs (Indian Institute of Management) have bagged highest paying job offers.

From the batch of 2016-18 at IIFT, students have bagged top positions in international companies. The pre-placement season turned out to be amazing for Indian Institute of Foreign Trade. The B-School that comes under the commerce ministry has become fastest growing institute with this year's outgoing batch.

In an official statement, IIFT said, "The Indian Institute of Foreign Trade has completed the Final Placements Process of its largest ever batch of 2016-18 in record time with offers from domain leaders of the industry, making it the fastest premier B-School to place its outgoing batch."

Apart from these top students, 31 other students from the same batch have been placed in companies based out of South America, Africa, South-East Asia and Thailand. The institute completed the first placement season with 35 companies and 94 recruiters associated with IIFT.

The statement further added, "Of the total batch strength of 288, IIFT saw an increase of 29.10% in the number of Pre-Placement Offers." The companies had made 74 pre-placement offers to the last year's outgoing batch. The associated companies have recruited 93 outgoing students from the batch of 288 this year. The average salary package offered is recorded at Rs 19.23 lakh while the average standing continues to be Rs 18.27 lakh per annum.

The richest 1% in India cornered 73% of the wealth generated in the country last year, a new survey showed today, presenting a worrying picture of rising income inequality.

Besides, 67 crore Indians comprising the population's poorest half saw their wealth+ rise by just 1%, as per the survey released by the international rights group Oxfam hours before the start of the annual congregation of the rich and powerful from across the world in this resort town.

The situation appears even more grim globally, where 82% of the wealth generated last year worldwide went to the 1%, while 3.7 billion people that account for the poorest half of population saw no increase in their wealth.

Last year's survey+ had showed that India's richest 1% held a huge 58% of the country's total wealth -- higher than the global figure of about 50%.

This year's survey also showed that the wealth of India's richest 1% increased by over Rs 20.9 lakh crore during 2017 -- an amount equivalent to total budget of the central government in 2017-18, Oxfam India said.

The report titled 'Reward Work, Not Wealth', Oxfam said, reveals how the global economy enables wealthy elite to accumulate vast wealth even as hundreds of millions of people struggle to survive on poverty pay.

"2017 saw an unprecedented increase in the number of billionaires, at a rate of one every two days. Billionaire wealth has risen by an average of 13 per cent a year since 2010 -- six times faster than the wages of ordinary workers, which have risen by a yearly average of just 2 per cent," it said.

In India, it will take 941 years for a minimum wage worker in rural India to earn what the top paid executive at a leading Indian garment firm earns in a year, the study found.

In the US, it takes slightly over one working day for a CEO to earn what an ordinary worker makes in a year, it added.

Citing results of the global survey of 70,000 people surveyed in 10 countries, Oxfam said it demonstrates a groundswell of support for action on inequality and nearly two-thirds of all respondents think the gap between the rich and the poor needs to be urgently addressed.

With Prime Minister Narendra Modi attending the WEF meeting in Davos, Oxfam India urged the Indian government to ensure that the country's economy works for everyone and not just the fortunate few.

It asked the government to promote inclusive growth by encouraging labour-intensive sectors that will create more jobs; investing in agriculture; and effectively implementing the social protection schemes that exist.

The survey respondents in countries like the US, UK and India also favoured 60 per cent pay cut for CEOs.

The key factors driving up rewards for shareholders and corporate bosses at the expense of workers' pay and conditions, Oxfam said, include erosion of workers' rights; excessive influence of big business over government policy- making; and the relentless corporate drive to minimise costs in order to maximise returns to shareholders.

About India, it said the country added 17 new billionaires last year, taking the total number to 101. The Indian billionaires' wealth increased to over Rs 20.7 lakh crore -- increasing during last year by Rs 4.89 lakh crore, an amount sufficient to finance 85 per cent of the all states' budget on health and education.

It also said India's top 10 per cent of population holds 73 per cent of the wealth and 37 per cent of India's billionaires have inherited family wealth. They control 51 per cent of the total wealth of billionaires in the country.

Oxfam India CEO Nisha Agrawal said it is alarming that the benefits of economic growth in India continue to concentrate in fewer hands.

"The billionaire boom is not a sign of a thriving economy but a symptom of a failing economic system. Those working hard, growing food for the country, building infrastructure, working in factories are struggling to fund their child's education, buy medicines for family members and manage two meals a day. The growing divide undermines democracy and promotes corruption and cronyism," she said.

The survey also showed that women workers often find themselves at the bottom of the heap and nine out of 10 billionaires are men.

In India, there are only four women billionaires and three of them inherited family wealth.

"It would take around 17.5 days for the best paid executive at a top Indian garment company to earn what a minimum wage worker in rural India will earn in their lifetime (presuming 50 years at work)," Oxfam said.

Source : https://www.techgig.com/tech-news/India-s-richest-1-corner-73-of-wealth-generation-Survey-153233]]>
https://discuss.itacumens.com/index.php?action=post;topic=142775.0Tue, 23 Jan 2018 04:30:35 GMThttps://discuss.itacumens.com/index.php/topic,142775.msg211235.html#msg211235Italian duo defeats Apple! continues to use 'Steve Jobs' as name of the companyhttps://discuss.itacumens.com/index.php/topic,142692.msg211054.html#msg211054
Italian duo defeats Apple! continues to use 'Steve Jobs' as name of the company

Among all the patents that Apple Inc owns, the company has not patented its founder Steve Jobs's name. Italian brothers have defeated the company in a long-standing trademark battle. The Italian duo runs a fashion brand called 'Steve Jobs'.

Vincent and Giacomo Barbato, the Italian brothers started a clothing company called Steve Jobs in 2012. Apple unsurprisingly took this issue and filed a motion against the Italian entrepreneurs last year. The European Intellectual Property Office has granted the founders of this company to use Jobs' name and logo that resembles the iconic bitten apple.

In an interview with Business Insider Italia, the Barbato brothers said, "We will still respect the name of Steve Jobs. We will not do anything low-level." The trademark filed by Barbara bothers was published in June 2014 and is set to expire in April 2023. The brothers were also planning to register Steve Jobs Inc. in all parts of the world.

The company started by Barbato has a logo which consists of a "J" with a bite taken out of it and a single leaf. The logo is the main cause of concern for Apple. The judge has ruled that "J" cannot be bitten the same way as an apple, therefore the logo created by Barbato brothers does not infringe on Apple's logo.

The company by Barbato brothers sells their products through a Facebook page. The company has Steve Jobs branded jeans, t-shirts, and bags. The brothers said that the eventual goal of the brand is to develop a tech product. They said, "Clothing and design are the industries in which we worked, but electronics have always been the goal of the Steve Jobs brand. Imagine devices marked with the name Steve Jobs with Android as an operating system."

This is not the first time Apple has been in the middle of a trademark dispute. The company has fought a longest-running battle against Apple Corps, the Beatles owned holding company. The legal dispute started in the 1970s and ended after nearly 37 years.

The success of a manager largely depends on whether the team members are able to work together as a cohesive unit. This requires the manager to establish a work culture that fosters team spirit and have clear and realistic expectations from both the team and individual members. Varuni Khosla finds out five ways in which a manager can pursue this goal.

Establish a team cultureHow team members work with each other depends on not only the company's values but also the norms set by the manager.In case some members are unable to work with the rest, an intervention may be advisable by an external consultant but active and visible sponsorship of the manager. In this intervention, a psychometric analysis can be done, said Sudeshna Basu Roy, cofounder of Marg.

Initiate team building activitiesUse fun activities to build connections between a problematic member and the rest of the team. "Our bodies can't function by sitting in a fixed position all day. Invest some time and energy into nurturing that team member, cultivating your culture & sprucing up the space you share by introducing unique ways to bond," said Praveen Rawal, Steelcase India's MD.

Involve the entire teamManagers should also have individual conversations with the rest of the team members for a diagnostic perspective. It can be damaging to single out a team member in front of entire team and it's imperative to understand the underlying reason for the negativity and provide additional support, said Tusharr Kumar, marketing manager,Ducati India.

Reassess and realign rolesIn some cases, it may be a good idea to reassess and realign roles and responsibilities. "If one still feels the problem is not solved, look at revising processes like how team members communicate, meeting styles, the norms of engagement, etc. Build personalprofessional relationships through team-building," said Suchita Dutta, executive director, Indian Staffing Federation.

Have an honest communicationA lot of managers shy away from having an honest communication with team members. Most people assume because they spend time with team, it should count as communication. But not many pay attention to cues. "The problematic member may have tried to communicate concerns but may not have pushed beyond a point," said Praful Nangia, partner, Hunt Partners.

People in cities hardly get the space to experience growing a vegetable and fruit. - Avani Jain, Upaj

Eradication of chemical pesticides requires education at the grassroot level with farmers on the harmful effects. - Lokesh Makam, Barrix

Most of the times, when factories are set up, the immediate effects of the air pollution are seen in the respiratory problems of children below 10 years. - Babu Rao Kalapala

We don't need the children to go into their own shell where they don't know what is happening around them. - Shruthi Shivashankar Murthy

The child care market in India is expected to be worth $27.63 billion by 2020. - MCC report

Women are coming into the forefront and making themselves seen as glorious chefs worldwide. - Divya Nichani, Puraw Vida

As long as I live I will continue my fight against domestic violence. - Najima Bibi

Chase that dream with so much passion, that there's no other choice but for it to come true, and it does. - Pratap R. Dighavkar, Mumbai Police

Women should not hesitate to chase dreams, especially in a city like Bengaluru which supports entrepreneurship and where being an entrepreneur is valued. - Sarita Digumarti, Jigsaw Academy

In a country where there is so much discrimination against women, so much violence against women, isn't it essential to listen to women's stories from their point of view? - Alankrita Shrivastava, 'Lipstick Under My Burkha'

Money cannot buy everything. - Wamika Iyer, FrshDay.in

I have a disability, but I focus only on my abilities. - Paridhi Verma, IIM-L

Specially abled have their own apprehensions. They are not like us but most of the times, they are better than us and one has to reciprocate and respect that quality of theirs. - Ratna Krishna Kumar, DARE School

Across developing countries, 23 percent fewer women than men have access to the internet. - UN report